During FY24, we made a key change to the STIP with the introduction of Minimum Standards as a qualifier. Employees were eligible to participate in the STIP provided they met the required Minimum Standards for their role. This includes completion of mandatory compliance training either through the onboarding or annual refresher program. In FY24, we saw a completion rate of 99.9%. To celebrate REA’s 30th anniversary and 25 years on the ASX, we committed to gifting permanent Australian employees (as of 30 June 2024) $1,000 in REA shares to recognise their contributions and share in our future success. Additionally, our Employee Share Purchase Plan allows permanent Australian employees to buy $500 in shares pre-tax, with REA matching their contribution. Workplace health and safety REA remains committed to providing a safe and healthy work environment while fostering a culture of ongoing improvement and compliance. We continue to evolve our Workplace, Health and Safety (WHS) practices and this year, completed an extensive review of our risk register, aiming to simplify structure and content to improve clarity. We also implemented a new system for inducting contractors visiting REA offices, helping to minimise the risk of accidents, injuries and compliance breaches. We continue to observe an increase in the reporting of workplace hazards by employees, which suggests that employees are becoming more vigilant and proactive in identifying and addressing potential safety risks in their work environment. By encouraging employees to report hazards promptly, we can more effectively mitigate risks and help prevent accidents or injuries. REA had no upheld new workcover claims in FY24. In FY24, we finalised the implementation of our Work Health and Safety Management System (WHSMS). We’ve also established continuous improvement mechanisms, including monitoring, evaluation and regular review, to maintain its effectiveness over time. Remuneration and incentive programs REA’s approach to remuneration is centred on the key principle of fair and equitable pay. In conjunction with external remuneration consultants, REA considers the markets and geographies in which we operate, sector-specific benchmarking, and individual contributions to the Group. Talent attraction and retention continued Social 32 REA Group Ltd | Sustainability Report 2024
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